Search found 1502 matches

by random_walker_77
Tue Apr 20, 2021 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Choosing a university/college for my son a future Computer Science Major
Replies: 200
Views: 16080

Re: Choosing a university/college for my son a future Computer Science Major

CS salaries are NOT in the high 150s as posted by someone. Its absolutely ridiculous and a giant exaggeration! My child graduated a semester early from CMU in CS, the offers he received were ALL in high 90s and low 100s with a 3.44 CGPA NOBODY is paying 200k to a 21 year old Sorry. It might be far ...
by random_walker_77
Sun Apr 18, 2021 9:32 pm
Forum: Personal Investments
Topic: Case for holding vested stock options?
Replies: 23
Views: 1310

Re: Case for holding vested stock options?

Darth, you are correct that in holding the option longer, you benefit (from leverage). You don't see that as much when you're deep in the money, as in your example, but it becomes really obvious if you're barely in the money. With the same $40 exercise price, imagine that the current price was $45. ...
by random_walker_77
Fri Apr 16, 2021 8:49 am
Forum: Investing - Theory, News & General
Topic: Rule-based ETF's to weed out poor performers
Replies: 7
Views: 697

Re: Rule-based ETF's to weed out poor performers

AICLE, you're trying to beat the market. I respectfully suggest that you abandon that idea and instead try to exactly match the market. Settle for average. Accept mediocrity and prosper by holding for the long term. It's a counter-intuitive idea, but there's good reason for it. Another counter-intui...
by random_walker_77
Wed Apr 14, 2021 10:47 pm
Forum: Investing - Theory, News & General
Topic: "Mortgage is a negative bond" - please help me understand
Replies: 281
Views: 14276

Re: "Mortage is a negative bond" - please help me understand

When you own a bond, you have lent out your money. When you have a mortgage, you have borrowed money. If you've lent out money at 3%, and inflation rises to 5%, that hurts you. When someone has lent you money at 3%, and inflation rises to 5%, that helps you. If you've lent out money at 3%, and rates...
by random_walker_77
Tue Apr 06, 2021 10:10 pm
Forum: Personal Investments
Topic: Senior Collge Student Earned $600,000 Needs Guidance
Replies: 20
Views: 3346

Re: Senior Collge Student Earned $600,000 Needs Guidance

1) set aside money for taxes. 2) don't tell friends about the windfall 3) reinvest in his video productions. If he thinks he can make another 100+K, then this is totally worth investing 10K into better production equipment and tools 4) maximize tax-advantaged investing 5) keep some reasonable amount...
by random_walker_77
Sat Apr 03, 2021 10:21 pm
Forum: Personal Consumer Issues
Topic: Repair or Replace 2003 Toyota Corolla
Replies: 69
Views: 5888

Re: Repair or Replace 2003 Toyota Corolla

Do also consider that cars have undergone large improvements in structural strength over the years, in no small part due to "tougher" IIHS crash tests. They added testing for side impacts and small overlap frontal impacts in 2003 and 2012. When cars perform poorly on such benchmarks, the n...
by random_walker_77
Sun Mar 28, 2021 10:06 pm
Forum: Personal Consumer Issues
Topic: High ranked Univ with liberal arts major or lower ranked school with STEM major
Replies: 121
Views: 8305

Re: High ranked Univ with liberal arts major or lower ranked school with STEM major

Good student, but inattentive to subjects that don't interest him and won't study for grades in subjects with lower interest. Early interest was Health & Medicine, but do not wish to study 10 years, so switched to CS path after taking CS courses in school and finding ability to do that, with in...
by random_walker_77
Sat Mar 27, 2021 10:40 am
Forum: Personal Consumer Issues
Topic: Car in Hawaii For One Year
Replies: 35
Views: 2272

Re: Car in Hawaii For One Year

How much does it cost to ship a car both ways between PA and Hawaii? That's gotta be at least $5000+. You might ask if the company is willing to pay the equivalent in cash. Takeover a car lease on a new-ish car for 1 year. Avoid exposing the personal car to corrosive salty air...
by random_walker_77
Sat Mar 27, 2021 10:27 am
Forum: Personal Investments
Topic: With hitting zero owed federal taxes, should I allocate a % to Roth 401k?
Replies: 28
Views: 1987

Re: With hitting zero owed federal taxes, should I allocate a % to Roth 401k?

Put your numbers into this tax calculator: https://www.mortgagecalculator.org/calcs/1040-calculator.php If you add 1000 to ordinary income, how much does your tax liability increase by? (i.e. your marginal rate) For the money that'd be taxed at a 12% marginal rate, I'd personally go with the Roth as...
by random_walker_77
Fri Mar 26, 2021 11:38 am
Forum: Personal Investments
Topic: Why, just why?! (American Century proposal)
Replies: 32
Views: 3523

Re: Why, just why?! (American Century proposal)

BTW, have you noticed that they structure their business so that they don't have to present you an invoice for that 0.9% fee every year and wait for you to pay it? I'm sure it works much better for them to just automatically take that out every year. It works even better to take the 12b-1 kickbacks...
by random_walker_77
Fri Mar 26, 2021 8:36 am
Forum: Personal Investments
Topic: Why, just why?! (American Century proposal)
Replies: 32
Views: 3523

Re: Why, just why?! (American Century proposal)

It makes it look like investing should be complicated and that you should leave it to professionals who know what they are doing. It dissuades you from trying to do it yourself. It makes it look like a lot of work and hassle, so that if you were to take their portfolio and replicate it with the othe...
by random_walker_77
Wed Mar 24, 2021 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Non-compete agreements: Competitors vs. Technology
Replies: 35
Views: 1564

Re: Non-compete agreements: Competitors vs. Technology

Still, I think that you should do everything that you can to adhere to an NCA unless you truly must break it in order to care for your family. Breaking your word is not something that should be done lightly. If everybody did that would there be any new startups? Would innovation get stifled? Every ...
by random_walker_77
Wed Mar 24, 2021 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Non-compete agreements: Competitors vs. Technology
Replies: 35
Views: 1564

Re: Non-compete agreements: Competitors vs. Technology

One thing this thread makes clear is why historically so many tech startups have come out of places like CA where non-compete clauses are generally unenforceable. Even without going to a startup, job-hopping for better compensation/positions would be more difficult. I should be more grateful, I sup...
by random_walker_77
Wed Mar 24, 2021 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Non-compete agreements: Competitors vs. Technology
Replies: 35
Views: 1564

Re: Non-compete agreements: Competitors vs. Technology

One problem is that enforceability is only part of the story. The mere threat of expensive legal action is enough to dissuade enough to get them the desired benefits. If you get sued, pay $30K for a legal defense, and get the non-compete thrown out, did you really win? The company just needs to make...
by random_walker_77
Wed Mar 24, 2021 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Non-compete agreements: Competitors vs. Technology
Replies: 35
Views: 1564

Re: Non-compete agreements: Competitors vs. Technology

What state are you in? Non-competes usually need to have reasonable restrictions, both in time, and geographically. If you move to California, your non-compete in NY or MA might still be enforceable, as it probably has verbiage stating that it'd be litigated in those states. But if sufficiently diff...
by random_walker_77
Wed Mar 24, 2021 8:05 am
Forum: Personal Investments
Topic: Brokerage for non profit
Replies: 2
Views: 175

Re: Brokerage for non profit

Or you could donate to a DAF that then donates to the school's US Foundation? They are available from Fidelity, Vanguard, and many others. But this involves fees, and makes sense for some minimum threshold. How much money are you talking about, and how many other charitable donations do you make? (W...
by random_walker_77
Tue Mar 23, 2021 10:44 am
Forum: Personal Investments
Topic: Talk me out of changing AA to 50% stocks
Replies: 43
Views: 4624

Re: Talk me out of changing AA to 50% stocks

While increasing your stock asset allocation when the market is near a peak is usually the wrong time to do it, one could argue that you're just shifting some funds from a highly concentrated equity position in a single business to the overall stock market. Asset allocation should be considered over...
by random_walker_77
Tue Mar 23, 2021 8:32 am
Forum: Personal Investments
Topic: Quickest way to transfer this
Replies: 7
Views: 339

Re: Quickest way to transfer this

The quickest way is to sell, wait 2 days for settlement, and then wire it to vanguard.
A quick search seems to indicate that Fidelity has no fee for outgoing domestic wire transfers.
by random_walker_77
Tue Mar 23, 2021 8:24 am
Forum: Personal Investments
Topic: Considering $1M conversion from TIRA to my Roth. Talk me out of it!
Replies: 58
Views: 4622

Re: Considering $1M conversion from TIRA to my Roth. Talk me out of it!

The advice here is too 1-sided. Everyone's saying don't do it. Let me put in an argument for doing it now. It won't be best for you financially, but our government needs more money. If you could convert everything right now, and pay at the maximum tax rate, you'll pay more taxes than in just about a...
by random_walker_77
Tue Mar 23, 2021 8:18 am
Forum: Personal Finance (Not Investing)
Topic: National Reputation of Worcester Polytechnic Institute (WPI)? other input welcome too
Replies: 211
Views: 12367

Re: National Reputation of Worcester Polytechnic Institute (WPI)? other input welcome too

My gut is that WPI would have a far more supportive environment than a big public university. <snip> So for undergrad, once the minimum academic standard is clear, it is about "fit". Well said, Valuethinker. That's a well-written post that about sums things up, if money is not a considera...
by random_walker_77
Mon Mar 22, 2021 10:04 pm
Forum: Personal Investments
Topic: Huge Windfall + Vanguard PAS, Here's What They Allocated For Me
Replies: 68
Views: 7738

Re: Huge Windfall + Vanguard PAS, Here's What They Allocated For Me

If you're comfortable with what Vanguard PAS put you in then I would leave it alone. You're going to get all sorts of recommendations from this thread. Don't start letting some odd ball recommendations make you second guess what PAS set you up with. It will drive you crazy. Stick to the PAS plan. I...
by random_walker_77
Mon Mar 22, 2021 9:53 pm
Forum: Non-US Investing
Topic: How do you buy/sell?
Replies: 10
Views: 1562

Re: How do you buy/sell?

On a limit order to buy, you would set a price limit that is lower than or equal to the current price. So when the price drops to the limit, then the order activates and you'd buy the stock. Slightly over the current price is normal too. Your price was substantially higher and that's why you're gett...
by random_walker_77
Mon Mar 22, 2021 9:39 pm
Forum: Personal Investments
Topic: Considering $1M conversion from TIRA to my Roth. Talk me out of it!
Replies: 58
Views: 4622

Re: Considering $1M conversion from TIRA to my Roth. Talk me out of it!

RMD rules shouldn't be on your list. RMD rules are because the government doesn't want you to defer taxes for too long, so they make you pay up on a minimum percentage of taxes on those TIRA funds. Your proposal would have you stop deferring any of it and pay up on all of it. There's no way I'd conv...
by random_walker_77
Mon Mar 22, 2021 9:17 pm
Forum: Personal Investments
Topic: Huge Windfall + Vanguard PAS, Here's What They Allocated For Me
Replies: 68
Views: 7738

Re: Huge Windfall + Vanguard PAS, Here's What They Allocated For Me

Have you considered a more conservative allocation of from 70:30 to 60:40?? Why? Why not? Curious 🤨 j🌺 I haven't, no. I haven't considered anything actually. Just posting what the Vanguard PAS guy said and looking for feedback. Is that your recommendation? To tell him to reduce international exposu...
by random_walker_77
Mon Mar 22, 2021 5:50 pm
Forum: Personal Consumer Issues
Topic: Thinking of getting a cellphone for the first time
Replies: 24
Views: 2699

Re: Thinking of getting a cellphone for the first time

Red pocket sounds attractive. I doubt that I would use anything but a small fraction of the data, minutes and texts. I might do it anyhow just to please my wife who often laments my lack of a cell phone. That still would leave me with the necessity to buy a phone. The moto G looks good, but I would...
by random_walker_77
Mon Mar 22, 2021 5:36 pm
Forum: Personal Consumer Issues
Topic: Relocating from Austin to Galveston
Replies: 34
Views: 3404

Re: Relocating from Austin to Galveston

In that case, I'd definitely recommend renting at first, until they get to know the area well. Just as an fyi, when cruises are running, the traffic around downtown on Harborside Dr can be amazingly bad on departure days. But if they want to be closer to the beach, they won't be on that side of the ...
by random_walker_77
Mon Mar 22, 2021 3:02 pm
Forum: Personal Consumer Issues
Topic: Used minivan - suggestions
Replies: 36
Views: 2061

Re: Used minivan - suggestions

we were really impressed with the pacifica interior until we got into a friends who was basically like, half of this crap no longer works at 80-90k miles. and basically the local chrysler dealer was like, yeah this is an issue with all of them. That's why they depreciate faster. That said, the 2017...
by random_walker_77
Mon Mar 22, 2021 1:45 pm
Forum: Personal Consumer Issues
Topic: Thinking of getting a cellphone for the first time
Replies: 24
Views: 2699

Re: Thinking of getting a cellphone for the first time

For a phone, just get yourself an unlocked phone. You can't really go wrong with a moto G for
$190-$230: https://www.amazon.com/Power-Battery1-U ... B08NWDMR9N
by random_walker_77
Mon Mar 22, 2021 1:42 pm
Forum: Personal Consumer Issues
Topic: Thinking of getting a cellphone for the first time
Replies: 24
Views: 2699

Re: Thinking of getting a cellphone for the first time

I'd recommend signing up for a google voice account and paying the ($10?) to port your home number to google voice. Gvoice can screen calls, and you can set it up to forward to your new cell phone number. However, I don't forward because I just use the google voice app to directly answer it, without...
by random_walker_77
Mon Mar 22, 2021 10:33 am
Forum: Personal Consumer Issues
Topic: Electrical engineers & others - a question about sinewaves & voltage fluctuations
Replies: 6
Views: 934

Re: Electrical engineers & others - a question about sinewaves & voltage fluctuations

Dirty waveforms can cause motors to run hot and fail prematurely. For electronics, some/most would be fine, some may not run, and some might not work properly (audio devices might have extra noise/hum), all just depending on how they were designed. If your electronics have already been running fine,...
by random_walker_77
Sun Mar 21, 2021 10:00 pm
Forum: Personal Consumer Issues
Topic: Relocating from Austin to Galveston
Replies: 34
Views: 3404

Re: Relocating from Austin to Galveston

Galveston has a population of only 50K, so it's definitely way smaller than Austin's 950K. Not sure if this is plus for her career or social life, but a big medical school, the UT Medical Branch, is located there. It is touristy, and a big cruise port. Certainly near the beach, but the beaches aren'...
by random_walker_77
Sun Mar 21, 2021 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Any long term early retirees here?
Replies: 41
Views: 6611

Re: Any long term early retirees here?

Thank you.. What would you estimate insurance to be. My wife will actually be on Medicare starting Jan of 2022 so it would only be me. I do have high blood pressure and have a high BMI. I take statins and HBP medicine. Nothing else. Am I looking at $1K per month? More? I would likely want the equiv...
by random_walker_77
Sat Mar 20, 2021 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Any long term early retirees here?
Replies: 41
Views: 6611

Re: Any long term early retirees here?

Health care and health care insurance have been expensive. But my main challenges have come more from the uncertainty surrounding their availability rather than their expense. The most humbling thing about retiring early was finding out how much of my credibility among even people close to me deriv...
by random_walker_77
Sat Mar 20, 2021 11:25 am
Forum: Personal Finance (Not Investing)
Topic: IRS 2645C letter related to protective claim?
Replies: 9
Views: 669

Re: IRS 2645C letter related to protective claim?

I had not heard of this before. So you mail a letter in hope of getting the NIIT money back? Is this a real thing? Yes it is: https://www.mccarter.com/insights/taxpayers-that-paid-the-net-investment-income-tax-or-the-additional-medicare-tax-should-consider-filing-protective-claims-for-refund/ But i...
by random_walker_77
Sat Mar 20, 2021 8:35 am
Forum: Personal Finance (Not Investing)
Topic: IRS 2645C letter related to protective claim?
Replies: 9
Views: 669

Re: IRS 2645C letter related to protective claim?

Would you mind sharing the verbiage of your (protective claim) letter? I'm thinking that I might want to file a protective claim before May 15th for this year... it's a cheap lottery ticket...
by random_walker_77
Fri Mar 19, 2021 1:59 pm
Forum: Investing - Theory, News & General
Topic: Account restricted due to 3 good faith violation
Replies: 31
Views: 5044

Re: Account restricted due to 3 good faith violation

Thanks for posting, as I wasn't aware of these restrictions. (Then again, I don't trade and basically never sell) To learn more about this, I found that fidelity has a pretty clear description of restrictions on cash brokerage accounts: https://www.fidelity.com/learning-center/trading-investing/trad...
by random_walker_77
Thu Mar 18, 2021 6:05 pm
Forum: Non-US Investing
Topic: Opening bank account in US from overseas
Replies: 7
Views: 907

Re: Opening bank account in US from overseas

For transferring, I think you want to exchange chf to usd in IB first, and then send it. Otherwise, you're subject to the receiving bank's exchange rate. No experience, but you might try HSBC. Also Wise (formerly known as transferwise) This article speaks to opening US bank accounts while overseas,...
by random_walker_77
Thu Mar 18, 2021 4:44 pm
Forum: Non-US Investing
Topic: Opening bank account in US from overseas
Replies: 7
Views: 907

Re: Opening bank account in US from overseas

For transferring, I think you want to exchange chf to usd in IB first, and then send it. Otherwise, you're subject to the receiving bank's exchange rate. No experience, but you might try HSBC. Also Wise (formerly known as transferwise) This article speaks to opening US bank accounts while overseas, ...
by random_walker_77
Thu Mar 18, 2021 4:14 pm
Forum: Non-US Investing
Topic: Investing in 3rd country [US ex-pat in Switzerland]
Replies: 5
Views: 708

Re: Investing in 3rd country [US ex-pat in Switzerland]

I don't know for sure but if this is just a foreign brokerage that's buying US ETF's, then it might not be a PFIC. If it's a foreign ETF that mirrors the the US ETF, that probably is a PFIC. If the former, then it's probably not currency-hedged to that country's local currency, which is arguably be...
by random_walker_77
Thu Mar 18, 2021 10:02 am
Forum: Non-US Investing
Topic: Investing in 3rd country [US ex-pat in Switzerland]
Replies: 5
Views: 708

Re: Investing in 3rd country [US ex-pat in Switzerland]

I don't know for sure but if this is just a foreign brokerage that's buying US ETF's, then it might not be a PFIC. If it's a foreign ETF that mirrors the the US ETF, that probably is a PFIC. If the former, then it's probably not currency-hedged to that country's local currency, which is arguably bet...
by random_walker_77
Wed Mar 17, 2021 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: National Reputation of Worcester Polytechnic Institute (WPI)? other input welcome too
Replies: 211
Views: 12367

Re: National Reputation of Worcester Polytechnic Institute (WPI)? other input welcome too

I'd never heard of the school until I met an Electrical Engineer who had done their undergrad there, who had gone on to get their Master's from Stanford. He was a very good engineer. As a small school, WPI isn't especially well-known nationally (at least not on the west coast), but I think it'd be p...
by random_walker_77
Tue Mar 16, 2021 11:01 pm
Forum: Investing - Theory, News & General
Topic: A different approach to asset allocation
Replies: 1514
Views: 751621

Re: A different approach to asset allocation

With credit cards, some irs debt, medical bills from having our 2nd child, and other borrowings that's around -$120k. The Bad: - it will take about 2 years to repay the debts. I'm making $110k, however I'm a financial controller at coal company, working based on visa, so high risks of being thrown ...
by random_walker_77
Tue Mar 16, 2021 7:07 pm
Forum: Investing - Theory, News & General
Topic: What are the odds of losing everything in a legit real estate deal/fund?
Replies: 31
Views: 2119

Re: What are the odds of losing everything in a legit real estate deal/fund?

Personally, I'd be more worried about losing a friend if this goes wrong. It's best not to mix friendships with business. Hard to say just how risky this is, but the odds of losing everything aren't zero. Just how much life experience does this friend have? Regardless, the secrecy aspect is a red fl...
by random_walker_77
Mon Mar 15, 2021 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Asking HR for a raise
Replies: 52
Views: 4947

Re: Asking HR for a raise

Your boss basically told you to look for a new job. I’d take him up on it. +1. RetireSomeday5 needs to look out for themselves, b/c no one else will. Their boss has said about as much as they can (and probably more than they are supposed to). Start interviewing, and don't plan on getting that offer...
by random_walker_77
Fri Mar 12, 2021 4:56 pm
Forum: Personal Investments
Topic: What to do with $1,000,000
Replies: 27
Views: 4840

Re: What to do with $1,000,000

True, and it seems like most states don't give any special considerations for capital gains. A 1031 would indeed be the way to avoid that, but comes with its own issues regarding diversification, risk, partial withdrawals, as well as the issues with finding a suitable like-kind replacement in a nar...
by random_walker_77
Fri Mar 12, 2021 1:53 pm
Forum: Personal Investments
Topic: What to do with $1,000,000
Replies: 27
Views: 4840

Re: What to do with $1,000,000

Added an edit above in the OP, for additional question: Edit: I'm asking them for what their income was for 2019 and 2020. But if their retirement income (SS & Pension) is low enough--I think under $80,000, is it possible they would have a 0% capital gains tax rate on the gains for the rental p...
by random_walker_77
Fri Mar 12, 2021 12:30 pm
Forum: Personal Investments
Topic: What to do with $1,000,000
Replies: 27
Views: 4840

Re: What to do with $1,000,000

Added an edit above in the OP, for additional question: Edit: I'm asking them for what their income was for 2019 and 2020. But if their retirement income (SS & Pension) is low enough--I think under $80,000, is it possible they would have a 0% capital gains tax rate on the gains for the rental p...
by random_walker_77
Thu Mar 11, 2021 10:59 pm
Forum: Personal Investments
Topic: What to do with $1,000,000
Replies: 27
Views: 4840

Re: What to do with $1,000,000

If they don't 1099, they're going to owe taxes on that sale. As a long-term rental, it's probably going to be quite substantial. Are they happy with their current SS+Pension? If not, how much more would they prefer to spend? Personally, I think that in this situation, it could make a lot of sense to...
by random_walker_77
Thu Mar 11, 2021 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Relocation conundrum
Replies: 26
Views: 1930

Re: Relocation conundrum

You've lived near Austin, so you know what that is like. Austin is apparently THE spot to relocate for tech opportunities, of course housing has sky rocketed. But it's been inflating off of a low baseline. The median home price in Austin a decade ago was $194K. Now it's $365K. If buying a nice hous...
by random_walker_77
Thu Mar 11, 2021 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Relocation conundrum
Replies: 26
Views: 1930

Re: Relocation conundrum

Thanks for the responses. To answer some questions: 1. The relo will have no impact on my job which is already a work from anywhere gig 2. The Seattle location is IN Seattle in the South Lake Union area 3. While a lot of people love the PNW weather, I know it gets my wife down and could be a big ch...